INSUBCONTINENT EXCLUSIVE:
Argentina witnessed a noteworthy increase in tax collection in June, with a year-on-year rise of 109.2%, reaching 3.5 trillion pesos
Official sources confirmed this information on Monday.The Ministry of Economy cited that the surge in national tax collection was primarily
driven by taxes more closely linked to economic activity, such as Value Added Tax (VAT), Credits and Debits, and Co-participated Internal
Taxes.The first half of the year was impacted by reduced revenue from Foreign Trade due to drought conditions, resulting in a 90.3%
(Photo Internet reproduction)However, export duties experienced improvement compared to previous months, attributed to the Export Increase
Program.Argentina accumulated tax revenues of 15.9 billion pesos (US$61.642 billion) during the first six months, marking a 95.9%
growth compared to 2021.However, this increase fell below the inflation rate of 94.8% experienced during the same period.
